Pierer, Owner Of KTM And MV Agusta, Teeters On The Brink Of Insolvency [Forbes]
HUSQUARVA AB S/ADR (HSQVY)
NASDAQ:AMEX Investor Relations:
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Source: Forbes
January 10, 2018. / AFP PHOTO / Franck FIFE (Photo credit should read FRANCK FIFE/AFP via Getty Images) AFP via Getty Images In the early 1990s, Austria-based motorcycle maker KTM was a small-scale motorbike producer turning out just 6,000 machines per year from a small workforce. Prospects for the company were dim against competition from a resurgent BMW and other euro bike makers. Following a large investment from Indian scooter and vehicle maker Bajaj Auto and a few ownership changes, KTM grew to become one of Europe's most successful motorbike brands, including fielding a team in MotoGP, the top tier of international motorcycle racing. Until recently, the company was producing nearly 1,000 motorcycles per day and is considered a top maker of ultra-popular “adventure” motorcycles preferred by intrepid riders looking to venture far off the beaten path. With year after year of successful sales and acquisitions of iconic moto brands like MV Agusta, Husqvarna, Husaberg and Gas
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